Top 20 Startups Tackling the Middle of Food's Supply Chain in 2018 - AgFunderNews
4 April 2019 9:44 PM IST
Startups in the category we call Midstream Technologies raised $1.35 billion in 2018, climbing from the third-best funded category to the second-best funded sector behind Ag Biotechnology.
- Zymergen – The Emeryville, CA-based company completed a $400 million Series C led by returning investor SoftBank Vision Fund for its synthetic biology microbe engineering platform.
- Samsara Networks – The San Francisco-based company completed its second raise of 2018, a $100 million Series E led by existing investors General Catalyst and Andreessen Horowitz for its wireless sensor and remote networking technology.
- Nuro – The Mountain View, CA-Based robotics company, completed a $92 million Series B led by SoftBank Vision Fund, bringing its total funding to $1 billion.
- Metrc – The Lakeland-FL-based company completed a $50 million venture round led by Tiger Global Management and Snoop Dogg’s Casa Verde Capital for its regulatory compliance cannabis software.
- Samsara Networks – The company completed its first 2018 funding in March 2018, raising a $50 million Series D led by General Catalyst and Andreessen Horowitz.
- Kodiak Robotics – The Mountain View, CA-based company, completed a $40 million Series A led by Battery Ventures for its autonomous technology aimed at the long-haul trucking industry starting with a self-driving truck.
- Nuritas – The Dublin, Ireland-based company completed a $34 million debt financing with the European Investment Bank for its AI molecular ingredient discovery platform.
- Mesh Korea – The Seoul-based company completed a $33 million Series E with Hyundai Motor Company, SK Networks, an Mirae Asset Financial Group for its online logistics company developing real-time same-day delivery platforms.
- FoodLogiQ – The Durham, NC-based company completed a $28 million Series A led by Renewal Funds for its food safety and traceability software program.
- Starship Technologies – The San Francisco-based company, completed a $25 million seed round with five investors including Morpheus Ventures, Matrix Partners, and three individuals for its self-driving robot delivery technology.
- Flaschenpost – The EU-based company completed a $24 million venture round led by Vorwerk Direct Selling Ventures and Cherry Ventures for its online beverage distribution platform that features automation of logistical processes and a route planning algorithm.
- RightHand Robotics – The Boston-based company completed a $23 million raise led by Menlo Ventures for its end-to-end e-commerce order fulfillment platform.
- Clear Labs – The Menlo Park, CA-based company completed a $21 million raise led by Menlo Ventures for its sequencing technology that tests food for dangerous pathogens like Salmonella.
- Soft Robotics Inc. – The Cambridge, MA-based company closed its a $25 million series A led by Scale Venture Partners and Hyperplane Venture Capital for its automated soft robotics technology.
- Geltor – The San Leandro, CA-based company completed an $18.2 million Series A led by Cultivian Sandbox for its animal-free “designer collagen” products.
- Good Fortune Tiger – The Shanghai-based company completed a $16 million Series A raise with Zero One Ventures, Junshang Capital, and DCM China Investment for its commodity logistics platform.
- Benchling – The San Francisco-based company completed a $15 million Series B led by Benchmark for its cloud-based software platform aimed at biology researchers and R&D organizations.
- Wajiu.com – The Dongcheng, China-based company completed a $14 million Series B led by China Merchants Securities for its online B2B platform focused on imported wine and beverages.
- Phylagen – An AgFunder portfolio company, the San Francisco-based startup company a $14 million Series A led by Working Capital, Cultivian Sandbox Ventures, and Breakout Ventures for its data analytics program that is building a global environmental microbiome database.
- Stellapps – The Bangalore, India-based company completed a $14 million Series B led by IndusAge Partners and the Bill & Melinda Gates Foundation for its dairy supply chain focused IoT technology.
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